Is Milton, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Milton was a Seller's Market.
Key Takeaway
Milton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Milton, FL
How much do homes in Milton, FL cost?
Median Sold Price
$305,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Milton have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in Milton was $305,000 in April 2024, down 6.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | - | N/A |
| 2 Bedrooms | $300K | $201.9K | -32.7% |
| 3 Bedrooms | $292.5K | $270K | -7.7% |
| 4 Bedrooms | $349.5K | $320.9K | -8.2% |
| 5+ Bedrooms | $450K | $381.7K | -15.2% |
Summary: Milton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.7%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Cities
| East Milton | $337.7K | $327.8K | -2.9% |
| Milton | $325K | $305K | -6.2% |
| Bagdad | $297.5K | $275K | -7.6% |
Housing Supply in Milton, FL
How many homes are available in Milton, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 102 | 110 | +7.8% |
Summary: The Milton real estate market had 110 homes for sale in April 2024, a 7.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 41 | 46 | +12.2% |
| 4 Bedrooms | 48 | 48 | 0.0% |
| 5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The Milton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 12.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Milton, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Milton in April 2024, down by 11.1% month-over-month. Of the 16 sold homes, 44% were sold under asking, 50% were sold at asking, and 6% were sold over asking.
Days on Market for Milton, FL
How long does it take to sell a home in Milton, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 84 Days | +95.5% |
Summary: Homes in Milton had an average of 84 days on market in Apr 2024, up by 95.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Milton are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 16 homes were sold in Milton; 25% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.